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Sep 30, 2021
IPG Photonics Q3 2021 Earnings Report
IPG Photonics experienced revenue growth driven by improved demand in Europe and the U.S., along with growth in emerging products and applications.
Key Takeaways
IPG Photonics reported strong Q3 2021 results with revenue of $379 million and earnings per diluted share of $1.40. The company saw increased demand in welding applications across most geographies and higher revenue in cutting in North America and Europe, as well as emerging products and applications.
Third quarter revenue increased 19% year over year to $379 million.
Earnings per diluted share (EPS) increased 112% year over year to $1.40.
Sales increased 50% in Europe and 55% in North America, while decreasing 7% in China.
Book-to-bill was slightly greater than one, indicating strong demand from emerging products and applications.
Revenue by Segment
Forward Guidance
For the fourth quarter of 2021, IPG expects revenue of $330 to $360 million and earnings per diluted share in the range of $1.00 to $1.30.
Positive Outlook
- Strong demand from emerging products and applications.
- Benefit from macro trends such as investments into EV, clean energy and automation.
- Growth prospects in EV applications.
- Growth prospects in medical applications.
- Growth prospects in handheld laser applications.
Challenges Ahead
- Ongoing weakness in cutting applications in China.
- Government and Company measures implemented to address the COVID-19 pandemic.
- Supply chain constraints.
- Product demand.
- Order cancellations and delays.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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